Since the first few months of 2022, Bitcoin and crypto space has maintained a bearish trend, though there were a few spikes to recall. Several markets, including the stock markets, are still facing a crisis. Unfortunately, there are no signs of a reversal in the interim.
Moreover, several investors, financial experts, and institutions still wonder whether or not the market will recover soonest. BTC’s Return on Investment (ROI) is still very high. But it currently shows a -74.96% drop from its all-time high in November 2021.
The bearish price movement of BTC is also visible in the prices of several other altcoins – bringing the broader crypto market cap to approximately 900 billion dollars.
Bitcoin Price Might Drop Even Further In 2023
The world’s largest digital coin, Bitcoin, recently recovered the $17K price. However, this positive movement doesn’t guarantee broader market recovery, considering the FTX contagion about a month back.
Bitcoin began the year at around the $50K pr
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